JPM Options History — June 2010

In June 2010, JPM traded between $36.61 and $39.55. ATM implied volatility averaged 39.0%, placing in the 41.7% IV rank vs the trailing year. The 30-day expected move averaged 11.3%. IV traded below realized volatility by 2.1% (HV 20d: 41.1%). Max pain ranged from $38.00 to $41.00. Net GEX was positive for 8 of 22 trading days. Term structure was in contango for 7 of 22 days. Put/call ratio averaged 0.88.

Notable Days

  • 2010-06-09: Highest Volume — 179,301 contracts
  • 2010-06-29: Largest IV spike — 22.1% change
  • 2010-06-07: Highest IV Rank — 57.0%
  • 2010-06-07: Largest Expected Move — 13.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$38.20$36.61$39.55$38.54$36.61
Max Pain$38.45$38.00$41.00$41.00$38.00
ATM IV39.0%33.6%46.0%42.7%42.0%
Expected Move11.3%9.6%13.4%12.2%12.1%
HV 20d41.1%35.7%45.4%42.3%36.3%
HV 60d35.0%32.0%37.6%32.0%37.5%
IV Rank41.7%29.8%57.0%49.7%48.3%
IV Percentile66.1%38.9%86.1%78.2%82.5%
Term Structure-0.7%-3.2%2.0%0.4%-1.1%
VWIV39.8%34.2%45.7%44.5%41.9%
Skew 25d9.0%6.6%12.7%11.8%7.8%
Skew 10d18.6%13.5%26.7%26.4%15.1%
Call IV 25d35.6%30.2%41.9%39.0%39.4%
Put IV 25d44.6%37.8%54.1%50.8%47.3%
Bid-Ask Spread %3.142.364.192.952.76
Gamma HHI0.080.060.090.060.08
Net GEX-6.6M-26.8M14.5M-1.9M-7.2M
Net DEX709.2M37.2M1.30B722.5M733.2M
Net VEX-14.3M-15.9M-13.5M-15.6M-13.7M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.880.221.721.060.78
Total Volume106,565.63656,464179,301106,85256,464
Total OI2,624,116.6362,017,2153,042,9922,764,0792,206,099

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2010-06-01$38.54$41.0042.7%12.2%42.3%49.7%44.5%11.8%0.4%-1.9M722.5M-15.6M1.062.95N/AN/A51,85854,9941,533,3311,230,748
2010-06-02$39.55$41.0035.3%10.1%43.1%33.7%37.4%7.3%1.9%7.8M401.5M-15.9M0.772.74N/AN/A41,33631,9031,550,7861,251,623
2010-06-03$39.10$41.0036.7%10.5%43.1%36.7%36.6%7.6%2.0%-53.9K597.5M-15.5M0.722.89N/AN/A39,56528,4511,546,3831,248,548
2010-06-04$37.62$39.0042.0%12.6%42.3%48.2%43.0%12.7%-2.3%-15.8M1.02B-14.7M0.713.19N/AN/A48,24634,0771,545,3101,245,987
2010-06-07$36.72$38.0046.0%13.4%42.9%57.0%45.7%12.2%-3.2%-24.2M1.30B-13.7M1.043.34N/AN/A45,64447,3721,558,6131,246,390
2010-06-08$37.78$38.0040.7%12.3%42.9%45.3%45.1%11.3%-1.3%-18.3M1.02B-14.3M1.403.07N/AN/A67,36794,1381,568,6261,250,061
2010-06-09$37.12$38.0044.2%13.3%43.1%53.1%42.0%11.6%-2.3%-24.5M1.20B-14.1M0.223.36N/AN/A146,96832,3331,584,5491,283,900
2010-06-10$38.29$38.0040.5%11.6%44.9%45.0%41.4%10.1%-0.4%-9.5M833.0M-14.9M0.743.02N/AN/A90,20467,0891,645,2061,295,482
2010-06-11$38.09$38.0039.8%11.4%44.5%43.4%43.2%9.5%0.1%-13.6M940.2M-14.6M1.723.02N/AN/A32,92356,5101,659,4241,324,693
2010-06-14$37.33$38.0043.4%12.4%44.3%51.3%45.3%9.4%-2.6%-26.8M1.23B-13.9M1.093.21N/AN/A61,02666,5541,670,7841,329,896
2010-06-15$38.25$38.0038.7%11.1%45.4%41.1%38.4%8.3%-0.8%-18.3M956.9M-14.1M0.803.85N/AN/A49,21539,2301,684,5201,342,808
2010-06-16$38.52$38.0036.1%10.3%45.0%35.3%36.9%7.8%-0.2%-10.8M834.6M-13.9M0.663.31N/AN/A44,24229,2621,682,0821,344,262
2010-06-17$38.44$38.0036.4%10.4%44.8%36.1%35.8%6.6%0.1%-12.2M922.2M-13.7M0.724.19N/AN/A54,90939,5851,684,2211,342,203
2010-06-18$39.18$38.0033.6%9.6%42.9%29.8%34.2%7.5%0.6%1.6M573.8M-13.9M0.853.62N/AN/A74,74163,4651,690,9961,351,996
2010-06-21$38.87$38.0035.0%10.0%37.7%33.1%35.8%8.7%-0.9%4.9M263.7M-13.7M0.833.33N/AN/A51,15242,6791,048,767968,448
2010-06-22$38.33$38.0037.4%10.7%35.7%38.3%36.4%8.2%-1.2%695.0K400.9M-13.5M0.673.24N/AN/A52,06034,8461,062,684984,185
2010-06-23$38.89$38.0035.5%10.2%36.0%34.1%36.9%7.9%-0.6%5.8M242.5M-14.0M1.233.33N/AN/A33,00140,6821,084,3191,000,086
2010-06-24$38.03$38.0039.1%11.2%36.8%41.9%39.0%7.8%-0.9%605.9K426.9M-13.8M0.832.45N/AN/A97,66380,7851,092,6761,017,429
2010-06-25$39.44$38.0035.0%10.0%36.1%33.0%35.7%7.8%0.6%14.5M37.2M-15.0M0.612.88N/AN/A82,53250,2471,129,2371,053,167
2010-06-28$38.54$38.0035.2%10.1%36.2%33.5%36.2%7.2%-0.5%7.5M294.6M-14.3M0.802.99N/AN/A38,03230,3041,143,6991,052,590
2010-06-29$37.06$38.0043.0%12.3%37.6%50.4%43.5%8.6%-2.1%-5.5M656.1M-13.8M1.192.36N/AN/A55,10365,6871,132,6231,061,129
2010-06-30$36.61$38.0042.0%12.1%36.3%48.3%41.9%7.8%-1.1%-7.2M733.2M-13.7M0.782.76N/AN/A31,67324,7911,142,2491,063,850